Coastwise Capital Group LLC Sells 1,273 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Coastwise Capital Group LLC trimmed its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,626 shares of the company’s stock after selling 1,273 shares during the quarter. Coastwise Capital Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $560,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FPE. Ameliora Wealth Management Ltd. boosted its holdings in First Trust Preferred Securities and Income ETF by 93.1% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after acquiring an additional 690 shares during the period. Raleigh Capital Management Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after purchasing an additional 826 shares during the period. Mattson Financial Services LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at approximately $46,000. ORG Partners LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after purchasing an additional 2,500 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in First Trust Preferred Securities and Income ETF by 435.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after buying an additional 3,130 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.2 %

NYSEARCA:FPE opened at $17.77 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23. The company has a 50-day moving average price of $17.79 and a 200-day moving average price of $17.85.

First Trust Preferred Securities and Income ETF Profile

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum.